Coinbase Starts H2 Strong with Liquifi Acquisition
Hey FinTech Fanatic!
Before today’s news, a quick heads-up:
I’m sharing the full media kit for Connecting the Dots in FinTech..., including pricing and ad formats for the first time.
Want to have a look? Just drop your email here and I’ll send it over.
Coinbase is kicking off H2 in style, acquiring Liquifi, its fourth acquisition this year, already beating last year’s total of three! 🤯
Scroll down to dive into Coinbase’s latest acquisition and get your daily FinTech dose 👇
Cheers,
FINTECH NEWS
🇸🇬 Ant International unveils AI travel assistant built into E-wallets and super apps. It has introduced Alipay+ Voyager to help users plan and manage trips more easily. The tool combines Alipay+’s agentic AI travel capabilities into a single interface that supports itinerary planning, bookings, and local service discovery.
🇫🇷 Worldline hires an auditor, Oliver Wyman, to assess risky clients. The company hired an external firm to go through its portfolio of risky clients as the payments firm seeks to restore trust following media allegations that it turned a blind eye to fraud pummeled its share price.
🇰🇪 Flutterwave cuts 50% of staff in Kenya and South Africa in major cost-cutting move. The move, which comes less than a year after the company laid off 3% of its workforce, affects multiple departments, with the most significant impact being seen in the compliance, legal, and human resources (HR) teams.
PAYMENTS NEWS
🇳🇱 Mollie wins the "Best Payment Solution" category at K5 COMMERCE AWARD, a recognition that highlights the company's commitment and innovation in the e-commerce space. This prestigious honor, presented by K5, Future Retail, reflects the hard work and dedication of the entire Mollie team.
🌎 Meliá Hotels International and Getnet are pioneers in payment security in Latin America and offer P2PE solutions. P2PE solution encrypts sensitive card data at the point of sale and keeps it encrypted throughout the payment journey until processing. This protects cardholder data in transit.
🇪🇺 EU Central Bank commits to distributed ledger technology settlement work. The decision is in line with the Eurosystem’s commitment to supporting innovation without compromising on safety and efficiency in financial market infrastructures, the release said.
🇺🇸 Payments firm Wise seeks a US national trust bank charter to access Fed Payments. Wise aims to increase the staffing of its US trust company by 20% within three years and plans to relocate its primary share listing from London to the US to enhance liquidity.
🇦🇺 Australian banks launch nationwide Confirmation of Payee scheme. Banks have begun the roll-out of a nationwide Confirmation of Payee programme to help protect customers from being tricked into sending money to criminals. Keep reading
🇸🇬 FOMO Pay launches Palm Payment Solution in Singapore. With the integration of the Palm Payment solution, FOMO Pay revolutionizes everyday transactions, offering users a seamless, simple, and no-mobile-required payment option suitable for diverse settings.
🌍 New Pan-African card scheme launches with plans to reclaim Africa’s financial autonomy. The African Export-Import Bank has teamed up with the Pan-African Payment and Settlement System and Mercury Payment Services to launch the first pan-African card scheme, with a plan to reclaim the continent’s financial autonomy.
🇮🇳 Bhim gets a big boost as NPCI scales up incentives and offers. Bharat Interface for Money (BHIM) has seen a resurgence, nearly doubling its monthly transactions to 70 million in June after a period of stagnation. This growth is attributed to a user-interface revamp, increased marketing spend by NPCI, and targeted incentives.
🇮🇳 Razorpay unveils Self-Healing tech for in-store payments. The new technology is designed to autonomously detect and resolve common issues that can interfere with payment transactions. Continue reading
🌍 Mastercard has introduced Account Intelligence Reissuance, an advanced fraud prevention service to efficiently manage the card reissuance process in the EEMEA. It streamlines and automates the process, stepping up fraud prevention efforts, addressing both physical and digital card skimming.
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 Celsius $4 billion Bitcoin transfer suit against Tether survives. Celsius Network survived a dismissal attempt of most of its clawback efforts against leading stablecoin issuer Tether, after a bankruptcy judge found the onetime crypto lender’s transfer claims sufficient.
🇺🇸 Ripple seeks a U.S. banking license, adding to the list of crypto companies. Stablecoins are typically pegged to the dollar or other government-issued currencies, and store reserves in cash or safe assets such as Treasurys to keep a one-to-one exchange ratio in place.
🇪🇺 Bitget launches zero-fee crypto card with Mastercard support. It enables users to spend their crypto at more than 150 million merchants globally. The card will be available through the Bitget Wallet app and supports real-time funding via on-chain swaps and deposits.
PARTNERSHIPS
🇫🇷 Stripe and TrueLayer partner to launch Pay by Bank integration in France and Germany. With Pay by Bank payments, consumers bypass entering card details and instead authorise payment directly from their bank accounts, typically via biometric methods.
🇬🇧 Tink and Chip partner to power seamless account top-ups with open banking. By integrating Tink’s open banking-powered payments, Chip can now offer a top-up experience that’s instant, intuitive, and built for the way users want to manage their money.
🇮🇳 PayGlocal and Banking Circle to simplify cross-border payments for Indian firms. The collaboration aims to meet rising demand from Indian merchants seeking to scale globally, with both companies indicating plans to deepen the partnership further.
🇬🇧 Ripple and OpenPayd partner to deliver enterprise-ready stablecoin and payment infrastructure. "This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross-border payments, treasury flows, and dollar-based operations,” said Iana Dimitrova, Chief Executive at OpenPayd.
🇦🇪 Ajman Bank and VaultsPay partner to launch co-branded payment processing solution and instant settlement for business clients. Ajman Bank business clients will gain access to VaultsPay's infrastructure, enabling acceptance of credit, debit, and prepaid card payments across a range of retail environments.
🌍 Orbital partners with ClearBank Europe to bridge real-time euro payments across SEPA and stablecoins. The partnership allows Orbital to offer its enterprise customers 24/7 fast and cost-effective payments, with banking-grade compliance, into and across Europe.
DONEDEAL FUNDING NEWS
🇬🇧 Revolut, Octopus, and OakNorth join the new Pisces private stock market after being courted by prospective operator London Stock Exchange. The new platform facilitates the trading of shares in private companies, promises to address a longstanding liquidity gap for growth companies and early investors, offering a stepping stone for companies seeking a later flotation on a public exchange.
🇮🇳 Indian FinTech firm FincFriends secures $11.5M debt funding. The funds will be used to expand operations and enhance credit offerings for underserved borrowers in India. Read more
🇺🇸 Yaspa receives $12M investment led by Discerning Capital to fuel US expansion. It enables the company to take its proven technology into a new market at pace, hiring a local team, building strategic partnerships, and adapting its platform to meet the specific needs of operators.
🇮🇶 EQIQ anchors $15 million round for InstaBank to support the launch and growth of Iraq’s next-generation digital bank. InstaBank will serve as the cornerstone of EQIQ’s FinTech strategy in Iraq, supporting its broader ambition to digitise financial ecosystems by integrating FinTech, logistics, and social commerce.
🇺🇸 WealthTech Savvy Wealth bags $72M Series B funding. The new capital will be used to accelerate Savvy Wealth’s core technology development, hire technical talent, and increase recruitment of independent advisors to its RIA, Savvy Advisors. The firm will also enhance its artificial intelligence capabilities.
M&A
🇬🇧 Santander to acquire TSB from Sabadell for £2.65 billion. The acquisition would strengthen Santander’s position in the UK. Santander intends to integrate TSB into the Santander UK group, enabling it to become the third-largest bank in the country by personal current account balances.
MOVERS AND SHAKERS
🇦🇺 ANZ appoints Peter Barrass to the Worldline Australia Board. Barrass is one of ANZ’s most successful technology executives after he engineered an overhaul of the group’s institutional payments arm. The bank has now tapped him to join the board of its ailing merchant payments joint venture with Worldline.
🇬🇧 Farid Sedjelmaci joins Stacks as new COO. "His track record and operational expertise scaling FinTechs like Plaid in Europe make him a strong fit, helping us deliver even more value to our customers as we continue to redefine what’s possible in the financial close,” said Albert Malikov, Founder & CEO of Stacks.
🇬🇧 Napier AI appoints Kenneth Paqvalén as CFO. In his role, Paqvalén’s priority will build on Napier AI’s existing technological infrastructure, using the existing systems and processes in place to scale effectively. He will support continued investment in Napier AI’s platform.
🇮🇳 Pine Labs to appoint Avendus Capital’s Sameer Kamath as CFO. His previous roles include senior stints at Motilal Oswal Financial Services and RPG Enterprises. Keep reading
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
Comments ()